Explain to renaldo the specific benefits of an s corporation

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Reference no: EM131522024

Question: 1. Waldo is planning to start a clothing store helping big and tall men blend in with the crowd. Explain to Waldo the advantages and disadvantages of a corporation in comparison to a sole proprietorship or partnership.

2. Renaldo heard that an S corporation combines the benefits of a corporation with the benefits of a partnership. Explain to Renaldo the specific benefits of an S corporation and any drawbacks to organizing as an S corporation.

Reference no: EM131522024

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